Morocco has restricted tomato exports to lower domestic prices.
Lahoucine Aderdour, head of the Federation of Moroccan Exporters of Fruits and Vegetables , told Reuters the Agriculture Ministry had agreed on a daily quota of tomato exports last month before stopping all exports from March 18 to 22, with a lower quota of 700 tonnes a day from Thursday.
Bad weather in Morocco and Spain has disrupted vegetable harvests this year, leading to shortages of salad staples in Europe and to higher prices that helped push UK inflation to 10.4% in February. “The credibility of Morocco as a stable tomatoes supplier to both the EU and UK market is at stake,” he added.
Inflation in Morocco led the central bank to increase its benchmark interest rate for the third time in a row by 50 basis points to 3% last Tuesday.
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